The ScrapChase Price Index is compiled using official benchmark prices (e.g. LME closing rates) and, where applicable, market data aggregated from suppliers and traders. Its purpose is to act as a reference benchmark for scrap-metal market trends and to provide guidance on potential valuations.
All published prices and indices are indicative in nature and should not be construed as definitive valuations, contractual offers, or sale/pricing guarantees.
Actual transaction prices are subject to variation depending on a number of factors including but not limited to: delivery port, loading method, scrap quality and grade, quantity, payment terms, applicable duties/taxes, and prevailing market conditions at the time of deal closure. Final pricing shall be determined by mutual agreement at the time of transaction.
Prices and indices may be derived from a variety of sources: exchange-based benchmarks (e.g. LME), market reports, supplier or buyer submissions, firm bids/offers, and confirmed transactions. While ScrapChase strives to maintain accuracy and integrity, not all market segments may be represented, and data may be based on best available information rather than exhaustive market-wide coverage.
ScrapChase does not warrant or guarantee the accuracy, completeness, or timeliness of any price or index published. Use of the ScrapChase Price Index is at the user’s own risk. Neither ScrapChase nor its affiliates, agents or employees shall be liable for any direct or indirect losses, costs, damages, or expenses arising from any reliance on the published price indices or related information.
The published index is intended for industry professionals, scrap yards, suppliers, traders, and other stakeholders familiar with the risks and variables of scrap-metal trade. It is not intended as investment advice, financial advice, or legal advice. Users should conduct their own due diligence before entering into any contract or transaction.
ScrapChase reserves the right to modify, suspend or withdraw any index or price snapshot without prior notice, particularly when market conditions are abnormal or when underlying data is questioned.
Unless otherwise explicitly stated, the prices published in the index reflect payment on a 100% Cash-Against-Documents (CAD) basis. Any alternative payment or delivery terms must be negotiated separately and may lead to different pricing.
Use of the ScrapChase Price Index and any associated services or data shall be governed by the laws applicable in the jurisdiction of ScrapChase Limited.
Prices do not reflect actual sales or purchase prices. Scrap prices may vary depending on quantity, quality, and market trend. Pricing may be set as fixed values or formulas based on official LME daily closing prices as a benchmarks.
We track market fluctuations and trends, providing context for price movements without defining exact price. These figures serve as indicators of market direction, recognising that scrap values shift over time with global supply, demand, and economic conditions.